Technical analysis: #bitcoin(hourly update)
Welcome to this quick update everyone, If you had followed my previous update, we clearly told you about the support levels for BTC and look how nicely it bounced from our support ($46k). We also mentioned that if BTC holds and closes above the $50k level then we may see a rally towards $52k and above.
Well, you can clearly see it in this 4 hours chart where we are heading.
In 4 hours TF, BTC formed a falling wedge and look how perfectly it broke out of it and it is currently at the retest phase. BTC may possible reach $52k+ only if it holds above these falling wedge pattern. $46600 would be an important support for BTC.
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Drop some feedback below in the comment✍️!
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Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone, If you had followed my previous update, we clearly told you about the support levels for BTC and look how nicely it bounced from our support ($46k). We also mentioned that if BTC holds and closes above the $50k level then we may see a rally towards $52k and above.
Well, you can clearly see it in this 4 hours chart where we are heading.
In 4 hours TF, BTC formed a falling wedge and look how perfectly it broke out of it and it is currently at the retest phase. BTC may possible reach $52k+ only if it holds above these falling wedge pattern. $46600 would be an important support for BTC.
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
